FAQs
Post Graduate Programme in
Global Financial Markets (2015-16)
Last Date to Apply: 22nd June Batch Starting: 27th July
Q1. Why a Post Graduate Program in Global Financial Market from NSE?
India is the ninth largest country in the world in terms of market capitalisation of
$1.66 trillion (Rs.100 lakh crore) and its market capitalization-to-gross domestic
product (GDP) ratio has climbed to 75.34%, the highest among all major markets
barring Hong Kong. The World Bank has predicted a GDP growth rate of 8 per cent
for India by 2017 from current 6.9%. Indian citizens can now trade on Global
markets from USA, UK on NSE platform in Indian rupees without the associated
currency risks. Derivatives contracts on global indices are enabling Indian investors
to participate in international financial markets and bringing diversification in their
investment portfolios. The global derivative indices that can be traded are Standard
& Poor's 500 (S&P 500)® and Dow Jones Industrial Average of USA, and FTSE 100
of UK. NSE NIFTY is very heavily traded on Singapore Stock Exchange.
An international financial centre is almost ready to take off in Gandhi Nagar,
Gujarat as GIFT City (Gujarat International Finance Tec-City Company Ltd). GIFT as
an international financial centre has been conceptualized as a global financial and
IT services hub on the lines of globally benchmarked financial centres such as New
york, London, Hong Kong, Singapore and Dubai. GIFT will target 6-8% share of
the financial services potential in India and is expected to create about 100 - 110
lakh direct and indirect jobs in financial markets. National Stock Exchange had
independently signed a Memorandum of Understanding (MoU) with GIFT City for
setting up an international stock exchange to bring the international market for
India-related rupee and index products onshore.
All these developments require competent and qualified experts. National Stock
Exchange (NSE) being 3rd world’s largest stock exchange is taking proactive steps
to prepare competent breed of professionals for skills required for international
financial centres in India, USA and Singapore by launching a full time, Post
Graduate Programme in Global Financial Markets (PGP-GFM) starting from 27th
July, 2015.
Q2. I want to know about, full time, PGP- Global Financial Market.
PGP (GFM) is a highly specialized programme being offered for the first time in
India with global regulatory certifications from USA, Singapore and India. The PGP-
GFM is a 11 months, full time programme divided into 4 quadmesters with 1020
hours of intensive training. In addition to the prestigious PGP-GFM from NSE,
participants will also receive global regulatory certification in financial markets from
USA, Singapore and India to prove their competency and enhance their
employability. The participants will develop financial market skills to compete in
international markets and will be exposed to the best market practices during
Singapore Immersion programme.
Q3. What are the salient features of this programme?
1. India’s first PGP-GFM with International Regulatory Certifications
2. Globally benchmarked curriculum for USA, Singapore & Indian financial markets
3. Singapore Immersion programme for global exposure and best practices
4. Program directly offered by NSE, India’s largest stock exchange
5. Markets Skill Development -Simulated/Live Market
6. Experiential learning, industry mentors, case studies, simulations etc.
7. Faculty – Industry experts & academicians
8. Program at central location in Delhi
9. Multiple career options in financial markets in USA, Singapore and India
10. Job ready for Indian, USA and Singapore financial markets
Q4. Where would the classes be conducted?
The classes will be held on full time basis, from Monday to Friday from 8:30am
onwards, at centrally located office of NSE in New Delhi at the address given below.
It is on the main road of Parliament Street, near Jantar Mantar and adjacent to
Patel Chowk Metro station.
National Stock Exchange
4th Floor, Jeevan Vihar Building
Parliament Street,
New Delhi – 110 001
Q5. What is the program coverage?
The PGP (GFM) is a full time 11 months, 4 quadmesters program. Each
quadmesters will be of 3 months duration with 9 papers in each quadmesters,
followed by 2 months of internship/projects.
1. Global Financial Markets System
2. Quantitative Techniques in Financial Markets
3. Accounting and International Financial Reporting Standards
4. Economics and Banking for Financial Markets
5. Financial Planning and Wealth Management
6. Computer Applications in Financial Markets
7. Financial Analytics and Risk Management
8. Marketing of Financial Services
9. Corporate Finance & Investment Banking
Quadmester I – Foundation for Global Financial Markets
1. Mutual Funds & Fixed Income Securities
2. Capital Market Operations
3. Derivatives Markets and Strategies
4. Commodity Markets
5. Real Estate Investments & REITS
6. Financial Valuations and Equity Research
7. Insurance -Life and General
8. Regulatory Framework for Indian Financial Markets
9. Behavioural Finance and Technical Analysis
1. USA Uniform Securities State Laws
2. USA Investment Advisory Services
3. Singapore Regulatory Framework for Securities
4. Singapore Regulatory Framework for Trading in Futures
5. Singapore Regulatory Framework for Financial Advisory Services
6. Singapore Securities Product and Analysis
7. Singapore Securities & Future Product knowledge
6. Entrepreneurship of Financial Services
7. Trust, Ethics and Relationships
8. Hedge Funds
9. Taxation and Anti Money Laundering
1. Internship/Projects/MDPs/Conferences / or
Optional-Additional Regulatory Certifications- USA/Singapore
Q6. Which regulatory certificates are part of PGP-GFM?
PGP-GFM includes 14 of the regulatory certifications from India, Singapore and USA
financial markets. These certificates are in the field of equity, derivatives,
currency, commodities, risk management, investment banking, financial planning
and wealth management, mutual fund, depositary, financial advisory, research,
insurance, financial valuation, regulation and compliance keeping in mind the
requirement of prospective employers.
Q7. Shall we study USA and Singapore financial market regulatory subjects
as part of PGP-GFM?
Quadmester II – Financial Markets System in India
Quadmester III – USA & Singapore Financial Markets
Quadmester IV – Internship / Projects / MDPs
Any 5 only
Yes. Financial markets are highly regulated by Governments of respective
countries. Candidates interested to develop career in financial markets are required
to pass relevant qualifying examinations (and also obtain license, wherever
required) to demonstrate competence and expertise required by the country. In
USA, this regulatory role is performed by Financial Industry Regulatory Authority
(FINRA) on behalf of Securities and Exchange Commission (SEC). Monetary
Authority of Singapore (MAS), in Singapore and National Institute of Securities
Markets (NISM), IRDA, NSE-NCFM administers the financial market regulatory
examinations.
The students of PGP-GFM can opt for 5 out of 7 FINRA and MAS examination to help
them build their career in USA, Singapore or captive units of multinational
companies in India. Students will also have the option of passing 2 additional FINRA
/ MAS examination as a part of PGP-GFM, subject to employer’s requirement,
suitability, batch size etc. in the 4th quadmester.
Q8. What is the Programme schedule?
The classes for PGP-GFM will commence from 27th July 2015 with one week of
orientaion. The quadmester wise schedule of classes and examinations is given
below.
Quad. Particulars Academic Session Examination
I Foundation of Global Financial
Markets
27th Jul – 16th Oct 15 Oct 26–30, 2015
II Financial Markets System in India 2nd Nov – 16th Jan 16 Jan 25–29, 2016
III USA & Singapore Financial
Markets
1st Feb – 15th Apr 16 Apr 18–22, 2016
Singapore Immersion Apr 24–30, 2016
IV Internship / Projects / MDPs 1st May – 30th Jun 16
Q9. What shall we be doing during Singapore Immersion program?
Singapore is known as one of the best managed country having international
financial centre. It is number 1 in the world for ease of doing business. During one
week of immersion programme at Singapore, students will visit various financial
institutions to get exposure of the best practices in managing financial markets,
apart from cultural exposure. They will also appear for regulatory examination of
MAS.
Q10. What career opportunities are available on completion of PGP (GFM)?
India is setting up its own international financial centre in Gandhi Nagar, Gujarat
which will compete with international financial centres such as New york, London,
Hong Kong, Singapore and Dubai. There are large numbers of captive units of
MNCs, KPOs, BPMs, custodians, pension funds etc. in the financial market domain
catering USA, UK, Singapore clients. These companies are registered with
FINRA/MAS and require financial market professionals for serving their US and
international clients. FINRA and MAS certified professionals are high in demand and
low in supply due to which they are offered good salaries and well respected
profiles.
The demand for the financial market professionals remains strong in banking,
investment and advisory in capital, currency, commodity, insurance etc. The
candidates of PGP-GFM with regulatory certification in financial markets from USA,
Singapore and India, are likely to be employed by Banking Institutions, Assets
Management Companies, Consulting Firms, Private Equity, Venture Capitalist,
Regulators, Credit Rating Agencies, Hedge Funds, Technology, Insurance, NBFCs,
and Financial Services Institutions etc.
A qualified person can be offered various designations like associates, analyst,
relationship manager, analyst-equity, analyst-technical, portfolio manager, risk
manager, content developer, faculty, financial journalist, operations manager etc.
Many participants are able to launch their own ventures as well. Captives units in
India also send their employees overseas for clients’ projects. Therefore, PGP-GFM
candidates can look forward for career opportunities in Singapore, USA etc as well.
Q11. Does NSE assist in placements?
NSE placement team will assist in placement of successful candidates. NSE will
provide placement assistance to successful candidates but do not guarantee any
placement.
Q12. What is the status of PGP (GFM)?
PGP (GFM) is India’s first program with Singapore, Indian and US regulatory
certifications focusing on enhancing global financial skills. It is clarified that PGP
(GFM) is neither a degree nor a diploma and is not recognized either by AICTE or
UGC. It is an autonomous post graduate programme directly offered by National
Stock Exchange to develop competent breed of professionals.
Q13. I am an outstation candidate, does NSE help in PG accommodation?
As PGP-GFM is a global financial market program, we want our students to develop
independent living skills. Delhi being the capital of India, thousands of students
from all over India come to study here and stay in PG accommodation. NSE will
also assist students to get PG accommodation with the PG’s
Q14. What are the eligibility criteria for the programme?
The minimum eligibility criteria are:
All Participants must have completed Graduation or a degree equivalent with
at least 50% in aggregate from an Indian University/Institutions recognized
by Association of Indian Universities.
Upper age limit is 40 years as on the date of commencement of programme.
Preference would be given to the participants having professional
qualification such as CA, CS, CWA, CFA, MBA, etc. or having experience in
the financial sector.
Q15. How pre-screening of candidates is done for getting selected for PGP
(GFM)?
Pre Screening of candidates will be done on basis of their
Academic Profile (20%),
CAT/GMAT/XAT/CMAT/MAT/ATMA or NSE Online Test (50%)
Personal Interview (30%)
Q16. Am I eligible for bank loans if I go for this programme?
Yes, banks do provide loans to our candidates. We can guide the students for the
same. Further information will be provided at the time of admission.
Q17. What is the total investment for PGP-GFM?
The total investment is 4, 50,000/- inclusive of Service Tax (Rupees Four Lakh Fifty
Thousand only) for the programme. The rate of service tax w.e.f 1st June is 14%.
Particulars Investment Last Date of Payment
Investment 4,50,000
Registration 20,000 14.07.2015
Option I – Lump-sum 4,30,000 On or before 23rd July 2015
Option II - 2 instalments 2,20,000*2 1st instalment by 23rd July 2015
2nd by 16th October 2015
Option III - 3 instalments 1,50,000*3 1st instalment by 23rd July 2015
2nd by 16th October 2015
3rd by 15th Jan 2016
The investment for the programme is inclusive of cost of study material, tuition
fees, service tax (@14%) and market simulation lab, immersion programme at
Singapore (Economy class air fare with twin sharing accommodation). One time
regulatory examination fees in India for 9 modules of NISM & IRDA and any 5(out
of 7) modules of FINRA of USA and MAS of Singapore is also included. The
expenses not specifically mentioned, if any, will be borne by the candidates. One
time regulatory examination fees of Indian, USA(FINRA) & Singapore(MAS), any 5
certificates in quadmester 3 is also covered.
If candidate fails in the first attempt, he/she needs to reappear. The subsequent
regulatory examination fees for the certificate(s) have to be borne by the
candidate. If the candidate opts for additional US/Singapore certificate ( more than
5) in the 4th Quadmester, the examination fees will be borne by the candidate.
Q18. I am in the final year of graduation. Can I apply?
Yes, you may apply for provisional admission. Since this is a Post Graduate
Programme, admission will be confirmed only on submission of proof of passing
graduation on or before 30th September 2015.
Q19. I want to apply for the full time PGP (GFM), how should I proceed?
Candidates having valid CAT/GMAT/XAT/CMAT/MAT/ATMA Score
(Score should not have expired) Applicants need to send application in the
prescribed form.
The form can be downloaded from the NSE website.
The candidate should send complete application form along with resume,
proof of educational qualifications, work experience (if any), copy of
CAT/GMAT/XAT/CMAT/MAT score card and fees of Rs.900/-
The fees of Rs.900/- can be paid by three modes: a)Demand Draft b)online
payment c)Cash
The Demand draft of Rs.900 should be in favour of NATIONAL STOCK
EXCHANGE OF INDIA LTD; payable at New Delhi
If in cash, one can submit the application by paying Rs.900/- in cash at
National Stock Exchange of India Ltd.; New Delhi.
Online payment of Rs.900/- can be made through NCFM profile for
candidates appearing for NSE online test.
The application with enclosures should be sent on or before 22nd June
2015 to the
Head, Financial Education (Schools & Universities)
National Stock Exchange of India Ltd.
4th Floor, Jeevan Vihar Building
Parliament Street, New Delhi – 110001
The envelop should be super scribed - Application for PGP(GFM)
Q20. What is the pattern of NSE online exam for PGP (GFM)?
NSE Online Objective Type Test will be held from 23rd – 27th June 2015. It is not
mandatory for those who have already taken CAT/GMAT/XAT/CMAT/MAT/ATMA.
The online test will consist of
• Verbal Ability (30%),
• Data Interpretation and logical reasoning (30%),
• Quantitative Aptitude (30%),
• General Knowledge on Financial Markets (10%).
The online objective test will be for 2 hours duration with negative marking of 0.25
per mark for incorrect answer.
Q21. How to register for NSE Online test?
Candidates who need to appear for NSE Online Test: The candidates who do
not have valid CAT/GMAT/XAT/CMAT/MAT/ATMA score are required to appear for
NSE Online Test from 23rd – 27th June 2015.
For this they are required to register on the NSE’s website as per the steps given
below:
1. Login to www.nseindia.com and go to “Education” menu. (Use Internet
Explorer only)
2. Click on “Online Register/Enrol”.
3. Click on “Online Registration” under „New User‟ on „NCFM Online
Registration‟ and fill the form and click on „Submit‟.
4. You will receive NCFM ID via a SMS and email. It will also be displayed on
the screen.
5. You can now login with your user id and password. You can pay the fees of
Rs.900/-, book your seat for the NSE online test in any of the 154 test
centers subject to availability of seats on first come first served basis.
6. If you feel any difficulty then you can refer Step by Step Guide for Online
Enrolment in NSE Online test on NSE website under Education Menu.
7. There are four time slots viz 9:30 am to 11:30 am, 11:30 am to 1:30 pm,
and 1:30 pm to 3:30 pm, and 3:30 pm to 5:30 pm. These time slots are
available on first Come first serve basis.
8. An online “hall ticket” for the NSE Online Test will be generated for which
you should take the Printout.
9. You need to carry this hall ticket along with id proof for appearing in the
test.
10. In case you need any assistance for registering for the test, you can call
Education counsellors 9582230057 / 9718930064 / 9911037288 /
9911085488.
Note: - If Candidates are already having NCFM profile can enrol for NSE Online
Test as same as they enrol for other NCFM Modules. They need to select, NSE
Online Test‟ under Module name.
Q22. When will the NSE online entrance test be held and in which cities?
The NSE online entrance test will be held from 23rd to 27th June 2015 at 154 test
centers in India, list of test centers are available on NSE website under Education
Menu. You can log on to the NSE website and reserve your seat on the date and
time convenient to you. List of 154 centres is enclosed as Appendix to the FAQ.
Q23. When will the result of NSE online entrance test be declared?
The names and roll numbers of candidates shortlisted for personal interview based
on CAT/GMAT/XAT/CMAT/MAT score or NSE Online Test score will be posted on the
website of NSE on 30th June 2015 and intimation will also be sent by email.
Q24. I am an outstation candidate. Can I appear for video interview?
The personal interview of shortlisted candidates will be held at NSE office in New
Delhi. In order to save travel time and cost of outstation candidates, NSE also
conduct video interviews. As an outstation candidate, you can also be given choice
to come for personal interview or opt for video interview.
Q25. If selected, which documents do I need to submit and when?
The onus to check the eligibility for admission is on the candidate, at the time of
registration, you are required to submit a copy of following documents and bring
originals for verification.
10th , 12th, Graduation Mark sheet
Birth Certificate
CAT/GMAT/XAT/CMAT/MAT score card
Resume Copy
Q26. What are the important dates for PGP (GFM) 2014?
PGP(GFM) 2015-16
Application Closing Date 22 June,2015
NSE Online Test 23-27 June, 2015
Declaration of Result of Online Test 30-Jun-15
Personal/Skype Interviews 3 -5 July ,2015
Declaration of first list of selected candidates 06-Jul-15
First List – Last date of Registration of selected candidates 14-Jul-15
Announcement of second list selected candidates 15-Jul-15
Second List – Last date for registration of selected candidates 21-Jul-15
Last date to deposit lump sum/1st instalment 23-Jul-15
Commencement of Programme 27-Jul-15
Q27. How can I make payment for the program?
The amount for the Programme or investment can be paid in any of the three
modes given below.
1. By Net Banking* (Direct Debit) through HDFC Bank, Axis Bank, Bank of India
2. National Electronic Fund Transfer (NEFT)* as per details given below:
Account Name: NATIONAL STOCK EXCHANGE OF INDIA LTD
BANK: HDFC
ACCOUNT No. : 00030650000016
IFSC CODE: HDFC0000003
BRANCH: G-3-4, SURYA KIRAN BUILDING,
19, KASTURBA GANDHI MARG, NEW DELHI – 110001
3. By Demand Draft in favour of National Stock Exchange of India Limited,
payable at New Delhi.
*For all Net Banking and NEFT transfer, kindly mention the transaction reference
number and date of transfer in the registration form.
Q28. If I need any further clarification, whom can I contact?
In case you need any further assistance or clarification you can contact Education
Counsellors at 9582230057 / 9718930064 / 9911037288 / 9911085488. You can
also email to – [email protected]
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